ZipRecruiter price target lowered to $8 from $9 at JPMorgan

JPMorgan lowered the firm’s price target on ZipRecruiter (ZIP) to $8 from $9 and keeps a Neutral rating on the shares following the Q4 report. Following 28 consecutive months of year-over-year U.S. hiring declines, ZipRecruiter is cautiously optimistic entering 2025 as favorable quarter-to-date trends in employer sentiment and account reactivations could point to an improving labor market backdrop, the analyst tells investors in a research note. The firm cites the company’s ongoing demand challenges and macro uncertainty for its Neutral rating.